Oil products price forecast update January 2023 Report

Commodity Market Report 09 January 2023

Get this report

$1,900

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

This update incorporates all of the price forecasts, crude differentials and refining margins through to end-2024 on a regional level. Our monthly ex-RVO Global Composite margin rose in December as European refinery supply had dropped in the early weeks of December, while the extensive US Gulf Coast refinery outages spiked product cracks in the last week of the month. For January, we expect global margins to ease as higher Chinese exports relieve tightness in Western markets helping to offset the loss of Russian-origin imports into Europe.

Global margins rebound on US refinery outages and optimism for Chinese demand
- Methodology Enhancement - Change to our Global Composite Refining Margin
- Brent Price Outlook
- Key Changes to our prices and margins view
- Crude price and differential analysis
- Regional refining margin analysis